What do you think about the Government choosing who lives and who dies in the Banking world?


Posted August 10th, 2009 by admin 5 Comments »
banking
saintsgumbo asked:


Do you think it to be fair that the Government is basically hand picking who survives in the banking world by giving certain ones the money. With this money (our money), the bank who gets the payout, buys out the ones who lose.
Does that seem alright to everyone?
Does it feel good to know the government is choosing who will be around later?
No one sees banks as people just the people that are losing their jobs as people….. will this idea spill off into other areas?

What are the benefits of a finance major over a simple business administration major?


Posted July 23rd, 2009 by admin 2 Comments »
finance
BusinessBeaver asked:


Trying to decide which major I want, I think I want to go into finance, but I am not sure. I know I am going into business- at a business school.

Also, if there are any people who have careers in finance, what do you specifically and do you like your jobs? Because I have an internship in finance and accounting and it is pretty boring…but it is just because they don’t give me enough work to do so I don’t feel like I have had the true experience.

Is it better to keep 401K accounts separate or roll them into one account?


Posted May 31st, 2009 by admin 4 Comments »
401k
KrisP16 asked:


I have three 401K accounts from previous jobs, in addition to the one I have at my current job. Is it better to keep them separate or to roll them all into the account I have now?

What happens to 401k loans when you change jobs?


Posted January 28th, 2009 by admin 4 Comments »
401k
Flying J asked:


If I am planning to leave my job in the near future and I have 30k in my 401k and approx. 12k in loans, how will the loans be repaid? Do I pay the taxes at year end? Also what if I decided to cash out the rest?

401K limit applies if I changed jobs during the calendar year?


Posted January 19th, 2009 by admin 2 Comments »
401k
QP asked:


I have recently changed jobs and would like to know if the annual limit still applies to my 401K.

For example, year to date I’ve contributed $10K to my previous employer’s 401K plan. Does this mea my 401K contribution for the year with the new employer should be less than 5.5K?

Thanks!